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Interest and dividends

Interest and dividend income for a multi-state return

In the
Interest income
 and
Dividend income
 statements on the
B&D
 screen, you'll find an
F/S Code
,
State
, and
In-State Source %
 column.

Resident and nonresident processing

Generally, you should leave the
F/S
 and
State
 fields blank when processing a resident return with 1 or more nonresident returns.
If the income isn't source-income on the nonresident return, leave the
In-State Source %
 field blank (or enter
0.000
).
If the income is source-income on the nonresident return, enter
100.000
 in the
In-State Source %
 column. Resident state returns ignore any entry in the
In-State Source %
 field.
It'll sometimes be necessary for you to make multiple lines of data entry for a single item of interest or dividend income. If each state return needs a different
In-State Muni %
 or amount, or
In-State Source %
 ratio, make multiple lines of data entry, completing the
State
 field with the 2-letter postal code for each entry.
Enter
S
 in the
F/S
 field for all of your duplicate state entries. The
S
 designates an item as State only. This is necessary to prevent duplication of the item on the federal tax return.
Finally, enter the line for the federal return. Designate this line for the federal return by entering
F
 in the
F/S
 field.

Part-year resident processing

Generally, make multiple lines of data entry for each item of interest or dividend income received. If each state return needs a different
In-State Muni %
 or
In-State Source %
 ratio, make multiple lines of data entry, completing the
State
 field with the two-letter postal code for each entry.
In the
In-State Source %
 field, enter a percentage if you want to allocate a portion of the income to the state indicated in the
State
 field. Leave the
In-State Source %
 field blank (or enter
100
) to allocate 100 percent of the income to the state return.
Enter
0
 in the
In-State Source %
 field if none of the income is source-income for the state return.
When making multiple lines of data entry for a payer, enter
S
 in the
F/S
 field for duplicate state entries. The
S
 designates an item as State only. This is necessary to prevent duplication of the item on the federal tax return.
Finally, enter the line for the federal return. Designate this line for the federal return by entering
F
 in the
F/S
 field.
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